Top 5 Zacks #1 Ranked Technology Mutual Funds - Best of Funds

By: Zacks.com

Posted: 1/8/2013 5:49:00 PM

Referenced Stocks: BOGSX;DTGRX;PRSCX;ROGSX;VCSTX

More often than not the technology sector is likely to report
above par earnings than other sectors as the demand for
technology and innovation remains high. However, technology
stocks are considered to be more volatile than other sector
specific stocks in the short run. In order to minimize this short
term volatility almost all tech funds adopt a growth management
style with a focus on strong fundamentals and a relatively higher
investment horizon. Investors having an above par appetite for
risk and fairly longer investment horizon should park their
savings in these funds.

Below we will share with you 5 top rated technology mutual
funds. Each has earned a Zacks #1 Rank (Strong Buy) as we expect
these mutual funds to outperform their peers in the future. To
view the Zacks Rank and past performance of all technology funds,
investors can click here to see the complete list of funds.

Dreyfus Technology Growth A
(DTGRX) seeks capital growth. The fund invests in securities of
technology companies which have high earnings growth prospects. A
maximum of 25% of its assets may be utilized to purchase foreign
securities. The technology mutual fund is non-diversified and has
a three year annualized return of 12.75%.

The fund manager is Barry Mills and he has managed this
technology mutual fund since 2007.

VALIC Company I Science & Technology
(VCSTX) invests the majority of its assets in science and
technology companies. A maximum of 50% of its assets may be
utilized to purchase foreign securities. Not more than 15% of its
assets can be invested in any single emerging market country. The
technology mutual fund has a three year annualized return of
10.51%.

As of October 2012, this technology mutual fund held 69
issues, with 10.33% of its total assets invested in Apple
Inc.

Red Oak Technology Select
(ROGSX) seeks capital appreciation over the long term. The fund
invests heavily in common stocks of firms that are heavily
dependent on technology for their operations or product
development activities. The technology mutual fund has a three
year annualized return of 10.36%.

The technology mutual fund has a minimum initial investment of
$ 2,000 and an expense ratio of 1.32% compared to a category
average of 1.61%.

T. Rowe Price Science & Tech
(PRSCX) invests a large share of its assets in common stocks of
firms which are projected to gain from advances in science and
technology. The technology mutual fund is non-diversified and has
a three year annualized return of 8.34%.

The fund manager is Kennard W. Allen and he has managed this
technology mutual fund since 2008.

Black Oak Emerging Technology
(BOGSX) seeks capital appreciation over the long term. The fund
invests the majority of its assets in common stocks of firms that
are expected to emerge as market leaders in the technology
sector. The technology mutual fund has a three year annualized
return of 4.86%.

The technology mutual fund has a minimum initial investment of
$ 2,000 and an expense ratio of 1.35% compared to a category
average of 1.61%.

To view the Zacks Rank and past performance of all technology
mutual funds, investors can click here to see the complete list
of funds.

About Zacks Mutual Fund Rank

By applying the Zacks Rank to mutual funds, investors can find
funds that not only outpaced the market in the past but are also
expected to outperform going forward. Learn more about the Zacks
Mutual Fund Rank.